A nation which has many active free markets in which profits motivate sellers and also has regulatory bureaucracies would be an example of
A. a free market.
B. a centrally planned economy.
C. a mixed economy.
D. an equitable economy.
C. a mixed economy.
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The supply and demand for saving are brought into equilibrium by adjustments of the ________ rate.
A. dividend B. real interest C. nominal interest D. discount
In recent decades, other countries have:
a. caught up to the U.S. in several important economic arenas b. surpassed the U.S. in several important economic arenas c. both of the above are true
Public schools, which educate most students through high school, are paid for primarily by
a. state governments. b. local governments. c. the federal government. d. taxpayers directly.
In the above table, what is the marginal cost to produce the 5th unit of output?
A. $80 B. $60 C. $20 D. $55